Financial Analysts to the Presentation on Dena Bank s

Financial Analysts to the Presentation on Dena Bank’s Quarterly / Half Yearly Results – September 2006

Financial s [Amt. in Crore] 2005 -06 [H 1] 2006 -07 [H 1] Growth [%] 2005 -06 [Q 2] 2006 -07 [Q 2] Growth [%] Total Income 1031. 95 1154. 44 11. 87 514. . 37 607. 57 18. 12 Total Expenses 789. 91 897. 11 13. 57 396. 40 467. 42 17. 92 Operating Profit [excl. Profit on sale on Inv. ] 184. 72 233. 73 26. 53 97. 47 129. 56 20. 31% Operating Profit [incl. Profit on sale on Inv. ] 242. 04 257. 33 6. 32 117. 97 140. 15 18. 80 Provisions & Contingencies 402. 64 152. 13 [62. 22] 79. 22 54. 75 [30. 89] Provision for Taxes [19. 94] 17. 96 [9. 89] 16. 65 Net Profit [140. 66] 87. 24 48. 64 68. 75 2

Profit & Loss [Amt. in Crore] 2005 -06 [H 1] 2006 -07 [H 1] Growth [%] Total Income 1031. 95 1154. 44 11. 87 514. 37 607. 57 18. 12 Interest Income 870. 77 1003. 89 15. 29 430. 91 526. 49 22. 18 - Advances 484. 17 638. 35 31. 84 246. 30 341. 76 38. 76 - Investment 365. 88 326. 85 [10. 67] 170. 76 163. 23 [4. 41] - Others 20. 72 38. 69 86. 73 13. 85 21. 50 55. 23 Non Interest income 161. 18 150. 55 [6. 60] 83. 46 81. 08 [2. 86] 57. 32 23. 60 [58. 33] 20. 50 10. 59 [48. 34] 103. 86 126. 95 22. 23 62. 96 70. 49 11. 95 - Profit on sale of securities -Others 2005 -06 [Q 2] 2006 -07 [Q 2] Growth [%] 3

Profit & Loss [Amt. in Crore] 2005 -06 [H 1] 2006 -07 [H 1] Growth [%] 2005 -06 [Q 2] 2006 -07 [Q 2] Variation [%] Total Expenses 789. 91 897. 11 13. 57 396. 40 467. 42 17. 92 Interest Expenses 512. 10 591. 23 15. 45 261. 29 311. 43 19. 19 481. 35 562. 48 16. 85 246. 01 297. 24 20. 82 30. 75 28. 75 [6. 50] 15. 28 14. 19 [7. 13] 277. 81 305. 88 10. 10 135. 11 155. 99 15. 45 - Staff related 177. 37 198. 09 11. 68 83. 74 99. 85 19. 24 - Others 100. 44 107. 79 7. 31 51. 37 56. 14 9. 29 Net Interest Income 358. 67 412. 66 15. 05 169. 62 215. 06 26. 80 Operating Profit 242. 04 257. 33 6. 32 117. 97 140. 15 18. 80 Provisions & Contingencies 402. 64 152. 13 [62. 22] 79. 22 54. 75 [30. 89] Prov. for Taxes [19. 94] 17. 96 [9. 89] 16. 65 [140. 66] 87. 24 48. 64 68. 75 - Deposits - Others Operating Expenses Net Profit 41. 34 4

Profit & Loss [Non Interest Income] [Amt. in Crore] 2005 -06 [H 1] 2006 -07 [H 1] Variation [%] 2005 -06 [Q 2] 2006 -07 [Q 2] Variation [%] Profit on sale of Inv 57. 32 23. 60 [58. 83] 20. 50 10. 59 [48. 34] Commission Income 40. 73 49. 78 22. 22 19. 84 25. 32 27. 62 Exchange earned on Forex 11. 20 11. 34 1. 25 6. 69 5. 75 [14. 05] Process Fee 9. 89 11. 66 17. 90 5. 92 7. 88 33. 11 Other Income 13. 85 17. 94 29. 53 9. 13 12. 69 38. 84 Recovery in w/off Inv. 0. 00 0. 95 0. 00 0. 94 Recovery in w/off A/c 28. 19 35. 28 25. 15 21. 38 17. 91 161. 18 150. 55 83. 46 81. 08 TOTAL [16. 23] 5

Profit & Loss [Amt. in Crore] 2005 -06 [H 1] 2006 -07 [H 1] Variation [%] 2005 -06 [Q 2] 2006 -07 [Q 2] Variation [%] Interest Earned 870. 77 1003. 89 15. 29 430. 91 526. 49 22. 18 Interest Expended 512. 10 591. 23 15. 45 261. 29 311. 43 19. 19 Net Interest Income 358. 67 412. 66 15. 05 169. 62 215. 06 26. 80 Non Interest Income 161. 18 150. 55 [6. 60] 83. 46 81. 08 [2. 86] Operating Expenses 277. 81 305. 88 10. 10 135. 11 155. 99 15. 45 [116. 63] [155. 33] 33. 18 [51. 65] [74. 91] 45. 06 Operating Profit 242. 04 257. 33 6. 32 117. 97 140. 15 18. 80 Provisions & Contingencies 382. 70 170. 09 [62. 22] 69. 33 71. 40 [30. 89] [140. 66] 87. 24 48. 64 68. 75 41. 34 Burden Net Profit 6

Provisions & Contingencies [Amt. in Crore] F. Y. 05 -06 2005 -06 [H 1] 2006 -07 [H 1] 2005 -06 [Q 2] 2006 -07 [Q 2] Provision for NPAs 236. 92 149. 66 78. 00 54. 72 34. 34 Provision for Taxes [23. 29] [19. 94] 17. 96 [9. 89] 16. 65 Prov for Depreciation on Investments 270. 69 227. 86 52. 93 14. 66 5. 12 Prov for Standard Assets/Restructed Assets 42. 92 18. 15 8. 20 6. 02 9. 75 Amortisation of premium paid on Investment 19. 96 14. 51 4. 98 7. 26 Contingent Liabilities [1. 45] [1. 94] [1. 00] 0. 00 [1. 14] Others [0. 25] [1. 05] [0. 51] [1. 15] [0. 58] 547. 33 382. 70 170. 09 69. 33 71. 40 TOTAL PROVISIONS 7

Resource Mobilisation [Amt. in Crore] Sept ’ 05 Mar ’ 06 Sept ’ 06 Growth [%] [Sept - 05 -06] Growth[%] [Sept 04 -05] Current Deposits 2298 2380 2587 12. 58 16. 59 Savings Deposits 7258 7931 8320 14. 63 15. 91 Term Deposits 12573 13312 14258 13. 40 4. 66 TOTAL 22129 23623 25165 13. 71 9. 47 43. 18% 43. 65% 43. 34% 303. 64 0. 99 73. 90 Share of Demand Deposits in total Borrowings 8

Credit Deployment [Amt. in Crore] Growth [%] 04 -05 Y-on-Y Sept ’ 05 Mar ’ 06 12777. 3 3 14747. 79 16393. 58 28. 30 23. 67 Priority Sector Adv 5484 6073 7074 29. 00 32. 88 — Agriculture 2187 2362 2769 — S. S. I. 1380 1322 1407 1. 96 21. 27 — Others 1917 2389 2871 46. 95 57. 91 PS Advances to Net Bank Credit % 44. 00 42. 19 44. 09 Retail Credit 1816 2249 2783 53. 25 S. M. E. 2146 2388 2801 30. 52 C. D. Ratio [%] 59. 79 62. 43 65. 14 GROSS ADVANCES Sept ’ 06 Growth [%] 05 -06 Y-on-Y 26. 61 23. 21 9

Resource Mobilisation 10

Funds Deployment [Amt. in Crore] Net Advances Net Investments Sept ’ 05 Mar ’ 06 Sept ’ 06 Growth [%] Y-on-Y 12151. 56 14231. 24 15909. 47 30. 93 9367. 28 8570. 67 9336. 60 [0. 33] 11

Capital Adequacy [Amt. in Crore] Sept ’ 05 Mar ’ 06 Sept ’ 06 Eligible Tier I 566. 51 848. 20 938. 05 Eligible Tier II 514. 04 662. 95 938. 05 Eligible Total 1080. 55 1511. 15 1876. 10 11636. 48 14225. 29 15620. 25 Core CRAR – Tier I 5. 96 6. 01 CRAR on Tier II 3. 33 4. 66 6. 00 CRAR [Total] 9. 29 10. 62 12. 01 566. 51 848. 20 938. 05 Total RWAs Net Worth 12

Asset Quality [Amt. in Crore] Sept ’ 05 [Q 2] Sept ’ 06 [Q 2] Mar ’ 06 [F. Y] Sept ’ 05 [H 1] 1149. 30 Sept ’ 06 [H 1] 974. 91 1147. 54 949. 40 52. 00 57. 94 227. 95 95. 45 89. 43 4. 39 5. 27 31. 41 12. 09 12. 54 37. 07 31. 38 273. 62 75. 07 98. 16 93. 46 94. 59 532. 11 182. 61 200. 13 46. 35 63. 93 333. 97 137. 26 194. 98 1102. 19 944. 25 949. 40 1102. 19 944. 25 GROSS NPA Opening Balance Less : Cash Recovery & credit operations Upgradations Write-off Total Reductions Add : Slippage & Debit Op. Closing Balance 13

Asset Quality [Amt. in Crore] Sep ’ 05 Mar ’ 06 Sep ’ 06 NPA PROVISION Opening Balance 593. 11 536. 17 476. 34 — Additions 54. 72 236. 91 34. 34 — Reductions 37. 07 273. 62 31. 38 Closing Balance 610. 76 GNPA to GA [%] 8. 63 6. 44 5. 76 NNPA to NA [%] 3. 92 3. 04 2. 89 55. 41 52. 61 50. 76 Provision cover[%] 499. 46 479. 30 14

Financial Ratios [cost/yield] Mar ’ 06 [FY] Sept ’ 05 [HY] Sept ’ 06 [HY] Sept ’ 05 [Q 2] Sept ’ 06 [Q 2] Cost of Deposits [%] 4. 58 4. 61 4. 80 4. 65 4. 93 Cost of Funds [%] 4. 66 4. 67 4. 89 4. 71 4. 99 Yield on Advances [%] 7. 80 8. 16 8. 38 8. 22 8. 71 Yield on Investments with POSOI [%] 9. 19 9. 06 8. 11 8. 30 8. 11 Yield on Investments without POSOI [%] 7. 82 7. 84 7. 57 7. 41 7. 63 Yield on Funds [%] 7. 46 7. 57 7. 76 7. 51 7. 95 15

Financial Ratios Mar ’ 06 [FY] Sept ’ 05 [HY] Sept ’ 06 [HY] Sept ’ 05 [Q 2] Sept ’ 06 [Q 2] Intt Income as % age to avg working funds 6. 62 7. 11 7. 42 6. 97 7. 61 Non Intt Income as %age to avg working funds 2. 39 1. 32 1. 11 1. 35 1. 17 Interest spread as %age to avg working funds 2. 88 2. 93 3. 05 2. 74 3. 11 Operating Profit as %age to avg working funds 2. 70 1. 98 1. 90 1. 91 2. 03 Net Interest Margin [%] [NII / interest bearing assets on last day] 2. 95 2. 97 3. 19 2. 81 3. 33 16

Financial Ratios Mar ’ 06 [FY] Sept ’ 05 [HY] Sept ’ 06 [HY] Sept ’ 05 [Q 2] Sept ’ 06 [Q 2] Earning Per Share [non-annualised] [Rs. ] 2. 54 [4. 90] 3. 04 1. 70 2. 40 Cost Income Ratio [%] 47. 50 53. 44 54. 31 53. 39 52. 67 1. 56 0. 35 1. 66 Book Value [incl. Reval Reserve] [in Rs. ] 39. 11 23. 45 41. 83 Book Value [excl. Reval Res. ] [in Rs. ] 29. 57 19. 77 32. 71 Return on Assets [%] [annualised] 0. 29 -ve 0. 64 0. 76 0. 99 Return on Networth [%] [annualised] 9. 02 -ve 19. 75 31. 94 30. 52 Coverage Ratio [%] 17

Productivity Ratios Business Per Branch [in Rs. Crs] Sept ’ 05 {Q] Mar ’ 06 [F. Y] Sept ’ 06 [Q] 34. 12 37. 51 40. 62 Business Per Employee [in Rs. Crs] 3. 41 3. 78 4. 15 Profit Per Branch [in Rs. Lacs] [not annualised] 4. 73 7. 13 6. 72 Profit Per Employee [in Rs. Lacs] [not annualised] 0. 47 0. 72 0. 69 18

Thank you 19